The figurine originally had something in his hand which is missing. Otherwise good condition with no cracks or fissures.

Liu Haichan 劉海蟾, Liu Hai, or Haichanzi 海蟾子 "Master Sea-Toad" is a (c. 10th century) Daoist xian "transcendent; immortal" who is a patriarch of the Quanzhen School, and a master of neidan "internal alchemy" techniques.

Liu Haichan is associated with other Daoist transcendents. Traditional Chinese and Japanese art frequently represented Liu with a string of square-holed cash coins and a mythical three-legged chánchú 蟾蜍 "toad; toad in the moon". In the present day, it is called the jīnchán 金蟾 "Money Toad", and Liu Haichan is considered an embodiment of Caishen "God of Wealth".